Rights and Responsibilities of Consumer

This refers to the right to be protected against the marketing of goods or the provision of services that are hazardous to health and life.

• Choose

• Redress

• Information

• Safety

It is one of the pricing components that refers to the total expenses paid for the item/s a seller will make.

• Selling price

• Mark up percentage

• Total cost

• Profit

In entrepreneurship, he/ she is the one who acquires, consumes and benefits the products or services in exchange for money or other consideration under a contract of sale.

• Seller

• Buyer

• Entrepreneur

• Vendor

This refers to the right to complain for misrepresentation, shoddy goods or unsatisfactory services.

• Redress

• Choose

• Safety

• Information

If the total cost of products is 300 pesos and the profit is 57 pesos. What will be the total mark-up price?

• 320 pesos

• 343 pesos

• 357 pesos

• 375 pesos

It is the amount a seller will use for selling the products.

• Total Cost

• Profit

• Mark up percentage

• Selling Price

It is right to express consumer interests in the making of government policies.

• Right to Representation/ To be Heard

• Right to Safety

• Right to Information

• Right to a Healthy Environment

It is right to be protected against dishonest or misleading advertising/ promotion of products.

• Right to Information

• Right to Consumer Education

• Right to Redress

• Right to Representation/ be Heard

What are the 3Rs under Right to Redress? Choose 3.

• Repair

• Replace

• Return

• Refund

What is the formula in getting the selling price?

• Total Cost x Mark-up Percentage

• Total Cost + Profit

• Total Mark-up price ÷ Quantity

• Profit ÷ Quantity